Newspaper Page Text
Total Savings in South
lina Have Gained Twt
Six Million Dollars
Deposits in South Carolin;
increased more than $39,000
the last fiscal year, being nc
ssiderably in excess of $173,0
The growth of the saving dep
the same period was more tha
000,000 making between 25,0
35,000 more individual savii
counts in the banks of the.sta
ever before. These figures, r
"in Columbia yesterday, were i
ed by the war loan organizal
the Fifth federal reserve i
from information furnished 1
banks, the state bank examin
the controller of currency in
Total savings in South Ci
banks are put at $87,000,1
round numbers, having increa
the fiscal year, ending June 30
from $61,000,000. There are
V in the banks of the state mon
155,000 separate savings ace
At the beginning of the fiscal
the number was about 130,00
the 322 financial institutions c
state, which reported to xhe wai
In the Fifth federal reservi
trict, comprising Maryland, the
trict of Columbia, the two Virj
and the two Carolinas, there a:
224 banks and trust companies
I, 700 banks reporting showed
their total deposits increased
$1,337,000,000 to more than $1
000,000 increase of about 209,
000. Savings deposits, represe
the thrift of the people grew
$565,000,000 to $670,000,000.
crease of $105,000,000, while
:numb?r of savings accounts ad1
ed from 1,746,000 to 2,054,0(
gain of 308,000. Putting the po;
tion of the district as not excee
II, 000,000 persons the figures I
a per capita saving of about $61
every man, woman and child, an
.average of two savings account
every ll people.
Wasteful Spending on Wane
The steady growth in savings
the increase in the number of sav
accounts are considered wholes
signs that the tidal wave of wast
spending and attendant high pi
which has swept across the coui
soon may be definitely checked. 1
seem to indicate, students of fine
and economics believe, a tende
toward increased production, a g
ing determination to cut down i
less expenditures and an earnest :
ization that money must be sa
for future needs and for wise inv
ment if new wealth is to be crea
and if the business of the country
to be returned to normal conditi
and placed upon a sound basis.
Figures furnished the war loan
ganization by t?ie controller of
currency and by James H. Crs
state bank examiner, show the
markable growth of the natio:
banks and trust companies in Soi
Carolina. The national banks in 1
state early in the year reported to
.deposits exceeding $106,573;0(
while their savings deposits exceed
$44,$70,000. In the Fifth federal i
serve district the total deposits,,
round numbers, were g^iven as $94!
000,000 with savings deposits aggi
For the South Carolina state ban
/ ing institutions, those operating u
<ler state charters, comparative fi
aires are given for the last two fisc
years. The total amount on depos
in those institutions increased in th;
period from $101,398,000 to $144
335,000, a gain of $42,900, 000. ]
the same period the savings increa
ed $24,164,000; that is, from $46
658,000 in 1919 to $70,723,000 i
From the banX examiners and coi
missioners in the . other states con
prising the district, the figure
for the state banks and trust cora
panies, exclusive of those in Wash
ington, D. C., are given as follows
Total deposits, $813,203,000 fo
1919; $997,493,000 for 1920, or ai
increase of $178,264,000. Saving
deposits (West Virginia's 1919 tota
being estimated), $374,658,000 fo;
1919 and $465,948,000 for 1920, o:
a gain of more than $60,240,000.
The report from Washington, D
C., being furnished by the chambei
of commerce, gives the totals by cal
endar years. The figures show a gain
in total deposits of more than $12,
767,000 and an increase in the de
posits of those banks doing strictly
a savings business of nearly $5,000,
Money - in Liberty Bonds.
This money accumulated in South
Carolina and in the rest of the dis
trict is in addition to the millions of
dollars invested in Liberty bonds and
government savings securities. The
people of South Carolina, for in
stance, subscribed $106,831,100 to
the five issues of war bonds, and
Jarge sums have .been invested, and
still are being invested in -war saving
stamps and treasury savings certifi
cates. The Fifth federal reserve dis
trict, subscribed more than $1,000,
000,000 to the five bond issues, and
the bonds were paid for, the recprds
show, largely from the savings or
current earnings of the purchasers.
South Carolina leads the district
in the total increase in savings in
the fiscal year, its gain being $26,
000,000. Its increase in deposits of
all character exceeded $39,000,000.
The increase in the number of in
dividual savings accounts for the
five states of the district and for the
District of Columbia are given as fol
lows: Maryland, 120,000; Virginia,
75,000; West Virginia, 47,000; North
Carolina, 14,000; South Carolina,
25,000; District of Columbia, 27,
000. Total increase for the Fifth
federal reserve district, 308,000. *
Emphasis is again placed by the
war loan organization upon the fig
ures showing the rapidly increasing
army of savers since it is believed
that as the savings habit becomes
more and more general throughout
the nation economic conditions, as
reflected ia all lines of business and
industry, will necessarily improve
because of the very fact that more
and more money is being saved is in
dication that less is being wasted in
extravagant living. Moreover, as
leading bankers have repeatedly
stated, the savings habit stimulates
production and thus adds directly to
national welfare and prosperity.
The State. .
Official Cotton Graders at
J Clemson College, Sept. 24.-Nine
teen official cotton graders have been
appointed and are being maintained
during the present season by the Ex
tension Service of Clemson College
and the Bureau of Markets of the U.
|S. Department of Agriculture in co
operatiop with the South Carolina
State Warehouse Commissioner.
These official graders are at the ser
vice of the farmers who have cotton
to sell and of the buyers in order that
disinterested information as to the
grade and staple of cotton may be
The graders now in the service are
as follows: R. C. Lawrence, Ander
son; H. J. McCullough, Aiken; L. W.
Tutt, Abbeville; W. B. Wise, Ben
nettsville; John R. Harmon, Black
ville; R .Lee Williamson, Bishopville;
J. Ahrens, Columbia; J. W. Maynard,
Camden; R. C. Banks, Dillon; W. P.
Gordon, Edgefield; j J. E. Moore,
Greenville; J. B. Ferguson, Kershaw;
Henry Rush, Laurens; Henry Mc
Rae, Manning; J. W. Britt, Newber
ry; E. C. Seifert, Orangeburg; A. B.
Smith, Rock Hill; A. J. Smith, St.
Matthews; T. B. Sims, Sumter.
These official graders make week
ly reports to the Extension Service
showing the number of farmers
served, the number of bales classed
and the price at which cotton was
sold on the various days of the week.
Reports from seven of the -?graders
on markets where cotton had begun
to move during the week ending Sep
tember 18, shows the following aver
age prices on each market for the
St. Matthews-Strict middling
30.04, middling 28.71, strict low mid
Bishopville-Strict middling 29.
50, middling 28.25.
Manning-Strict middling 29.08,
Bennettsville -Middling 29.08,
strict low middling 25.25. -
Edgefield-Strict middling 31.05,
Camden-Strict middling 29.37,
The three highest average mar
kets for the week were: For strict
middling, Edgefield, St. Matthews
and Camden; for middling, Kershaw,
Edgefield and Bennettsville.,
Reports from various other grad
ers show that owing to the lateness
!of the season this year cotton had
not begun to move during the week
of September 18.
Keep Well and Be Happy.
If you would be happy you must
keep your bowels regular. One ortwo
of Chamberlain's Tablets taken im
mediately after supper will cause a
gentle movement of the bowels on
the followering morning. Try it.
For loans an real estate. See
. CLAUD T. BURNETT,
Over store of W. W. Adams & Co.
The next regular teacher's examin
ation will be held Friday, Oct. 1.
White applisants report at court house
colored applicants Macedonia. Work
begins at nine o'clock.
W. W. Fuller.
Co. Supt. Education. I
superior in material
light running and
guaranteed the most
Have just received a shipment of t
good old Southern standard 60-ir
Contractors and Builders
Persons contemplating building of
any kind should see us or write us
for estimates, etc.
We make a specialty of paper hanging
We have a large force of skilled
men and can do work promptly.
PARDUE & STEIFEL
TRENTON, S. C. ROUTE 3
We Want to Help
This bank desires to be of personal assistance to
you. We have assisted others. Will you give us the
chance? We cannot aid you unless we know what
Come in and let's talk it over. Ask our satis?ed
customers and they will tell you that we have helped
them. The thing that gives this bank the right to
live, to grow, to prosper, is the service it renders the
community. Don't hesitate. Come right in and tell
us how we can aerve you.
The Bank of Trenton, S. C.
All checks drawn on The Bank of Trenton can be cleared free of ex
change through the Federal Reserve Bank.
We Can Give You Prompt Service
on Mill Work and Interior Finish
Large stock of Rough and Dressed Lumber on hand for
Woodward Lumber Co.
Corner Roberts and Dugas Sta., Augusta, Ga,
IT S NOT WHAT
Copyright 1909, by C. E. Zimmerman Co. -No. 6?
UVERY dollar that you spend foolishly,
every proprotionate amount of money
that you earn that it would be possible to save and da
lot, is only money that you have to work for again.
3n the other hand every dollar you put in the bank is
money that is going to constantly work for you.
Which is the best; money always working for you, or
you always working for your money. Come in and
start that bank account. Don't put it off another day.
BANK OF EDGEFIELD
OFFICERS: J. C., Sheppard, President; A. S. Tompkins, vice-President
2. J. Mims, Cashier; J. H. Allen. Assistant Cashier.
/DIRECTORS : J. C. Sheppard, Thos. H. Rainaford, John Rainsford, M. C.
'arker, A. S. Tompkins. J. G. Holland. E. J. Mime. J. H. Allen
Consult Your Own Interest by Consulting Us
Metal or Composition Roofing
Mantels, Tile, Grates
Youngblood Roofing and
635 Broad St. Telphone 1697